Skanska Selects Trema And Finance Kit

Tue, Sep 28, 1999 09:34 CET

SKANSKA SELECTS TREMA AND FINANCE KIT
*Trema continues to receive orders from major Scandinavian corporations
*Integrated solution for initially 20 people
*Skanska prepares for live production in Q1 2000.
Stockholm, September 7 1999
Skanska Group, a leading international construction company, has recently
decided to select Trema as their partner for developing the central treasury
operations. Implementing Trema's strategic solution Finance KIT as their core
solution for treasury operations is a logical step in Skanska Financial
Services' continued growth of both employees and activities. After live
production in Q1, 2000, the former cost center will more actively operate
central funding, group liquidity and financial exposures in order to optimize
the financial net.
With its international operations growing every year in volume, the effective
use of capital while avoiding unnecessary risk exposures is high on the
priority list for Skanska Group's top management. Skanska has recently adopted
a new financial policy which has put increased requirements on their treasury
solution. This, together with the objective of becoming a significant player
in the financial markets, made a shift to a more powerful core solution a
must.
"When selecting Finance KIT, flexibility, scope of functionality and real time
risk management were important criteria we took a close look at," Anneli
Walltott, Head of Operations explains. "We now have the opportunity to
streamline our processes and increase the service we provide to our
subsidiaries while improving overall risk control. Adding to this, Trema's
competence and experience can easily be accessed, since their office is only a
couple of blocks away. "
Skanska will initially implement Finance KIT version 4.3 for 17 users in
Stockholm. Ingrid Lind, Sales Responsible at Trema, explains why the number of
users is likely to increase in the future: "Based on experience from our other
major corporate customers, Finance KIT, with its scalability and ability to
make full use of today's IT infrastructure, opens up opportunities to
streamline the interaction between the internal bank and the subsidiary
companies. With less time spent on processing and administration, more effort
can be put on analysis. That is why Finance KIT today is in high demand also
on a subsidiary level." Lind believes, that this trend will become even
stronger, when Finance eKIT, a suite of web enabled treasury products
delivering Finance KIT information to a wider set of users, becomes available
in the market.
Skanska Financial Services starts implementation in September and expects to
st
be in live production in 1 quarter next year.
For further information about Trema visit:
http://www.trema.com/
For further information about Skanska visit:
http://www.skanska.se/
Notes for Editors
Skanska Group
Skanska is one of the leading companies within construction related services
and development of projecs and real estate. The goal is to be a world leader
within these fields. Skanska is present in some 50 countries with home markets
in Sweden, Denmark, Finland and USA. The strategy is to increase the
internatinonal business, predominantly through increased growth in USA and
expansion on the European market. Turnover 1998 amounted to 64 billion SEK
with a net profit of nearly 5 billion SEK. The group has about 44,000
employees.
The group's treasury center is part of Skanska Financial Services.
The Trema Group
Established in 1992, Trema is an international organization that specializes
in the development and provision of sophisticated software applications and
services for financial organizations. Headquartered in Stockholm, Trema also
has offices in Sophia Antipolis (France), Boston, Helsinki, Johannesburg,
Frankfurt, Zurich, and Abu Dhabi. Trema employs approximately 200 people and
has some 60 clients around the globe. Trema has established a reputation as
one of the most exciting and forward thinking solutions providers. Trema's
clients comprise a cross section of the financial industry, including ABB,
Aegon, Ericsson, European Central Bank (ECB), Hoechst, ING, Pharmacia &
Upjohn, Unilever and SEB.
Finance KIT
Finance KIT is a real-time software solution supporting straight-through-
processing for business functions and processes conducted within financial
institutions, such as Corporate Treasuries, Asset Management Portfolio and
Fund Management, Central Banks and Treasury/Trading within Banks. It provides
effective transaction management, as well as tools for decision support,
integrated risk management, portfolio management and performance measurement.
The system can be used for single or multiple site locations.
Finance eKIT
Finance eKIT is a suite of web enabled modules that provide enhanced
functionality for organizations using Trema's core application, Finance KIT.
For more information please contact:
Trema Group Skanska Financial Services
Ingrid Lind Anneli Walltott
Tel: +46 8 406 11 34 Tel: +46 (8) 753 84 03
e-mail: ingrid.lind@trema.com email: anneli.walltott@skanska.se
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